HHLA and CSPL ink minority shareholding in CTT

HHLA and CSPL ink minority shareholding in CTT

Hamburger Hafen und Logistik AG (HHLA) and COSCO Shipping Ports Limited (CSPL) have signed an agreement for CSPL’s minority shareholding in Container Terminal Tollerort (CTT).

This announcement comes after the completion of the investment screening process, on 19 June.

This agreement provides CSPL with an interest of 24.99 per cent in HHLA’s Container Terminal Tollerort in Hamburg.

CTT will now be developed into a preferred handling location for HHLA’s long-term customer, COSCO, where freight flows between Asia and Europe are to be concentrated.

READ: COSCO/CTT investment receives further approval

According to HHLA, the collaboration between the partners strengthens the Free and Hanseatic City of Hamburg’s position as a logistics hub in the North Sea and Baltic region, as well as Germany’s position as an industrial nation.

Earlier this June, HHLA and ABB Ltd. partnered to increase efficiency in the long-term operation of big automated stacking crane (ASC) systems.

More recently, HHLA TK Estonia, a subsidiary of HHLA, built the biggest solar park in the Estonian Muuga Harbour.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.